Blog

Rent Loss for Multifamily Sector is Predicted for 2021

January 13, 2021

In 2020, urban areas suffered as people left for more space in the suburbs, exurbs or smaller cities. With this migration out of cities, high-quality downtown apartments and those located in larger tier-one markets have suffered higher levels of rent losses relative to the broader market, according to CoStar. While lagging demand during the pandemic…

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Acquisition Mistakes to Avoid this 2021

January 11, 2021

Joseph J. Ori, Executive Managing Director of Paramount Capital Corp. listed the 20 CRE Acquisition Mistakes to Avoid. One of the most important procedures involved in acquiring a CRE asset is the entire acquisition process. The acquisition process includes soliciting deals from brokers and sellers, visiting the properties, analyzing the markets, underwriting the properties, due…

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Home Prices are Predicted to Hit their Highest Mark since 2006 at 5.5 million

January 7, 2021

This year renters will still trade up to higher end apartments when they can, ultimately moving on to home buying. What is different is that work from home trends will make location less important, according to ApartmentGuide. “We don’t anticipate job seekers placing as much emphasis on location as it relates to their commute as in years…

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Despite Lower Transaction Volumes, 34% of CRE Brokers made more Money Year-Over-Year in 2020

January 6, 2021

Approximately 34% of commercial real estate brokers nationwide made more money in 2020 than the year prior, despite the COVID-19 pandemic and lower overall transaction volume, according to a new survey by CRE broker software company Apto. Fifty-two percent of brokers made less in 2020 than in 2019, up from 26% who reported lower year-over-year…

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CMBS at the Era of COVID-19

January 4, 2021

When the government started implementing the mass shut-downs in March 2020, owners of commercial real estate quickly reached out to their lenders to attempt to obtain relief from the upcoming April 2020 payments.  Immediately, there were stark contrasts in reception from the various lenders.  Banks for the most part, told borrowers verbally that they would…

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Pending homes sales jump by 34%

December 30, 2020

The scalding hot home sales market is ending the year on a high, according to a new report from Redfin. For the four weeks ending December 20, the median home sale price increased 14% year over year to $320,714. In July, the median home price was $300,462. In the same four-week time period, pending home…

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December Apartment rents fell by 0.4%

December 30, 2020

As we hit the seasonal lull, December rents fell by 0.4 percent month-over-month, while the national rent index is now down 1.5 percent year-over-year and has fallen for four consecutive months. By comparison, December’s rents were 0.2% in 2019, 0.2% in 2018, and 0.3% in 2017. Sixty-five of the nation’s 100 largest cities saw rents…

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Office Leasing Activity has Surged at the End of the Year

December 28, 2020

There may be a little holiday hope for office. At the end of the year, office leasing activity rebounded, accounting for 50% of the total office leasing volume during the year. The reason: corporate office expansions, according to data from ZoomInfo. Corporate users have continued to expand office footprints this year, culminating in office leasing…

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The Industrial Market gained steam in the Third Quarter with Rents rising 2.6% to $7.21 per Square Foot

December 23, 2020

US industrial rents have grown significantly this year, despite—or perhaps driven by—the global coronavirus pandemic. According to the Winter 2020 US industrial and logistics report from Colliers International, US industrial rents have increased 5.6% year-over-year. Industrial rents continued to gain steam in the third quarter, increasing 2.6% quarter-over-quarter to $7.21 per square foot. Although industrial…

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How the Stimulus Measure will be Beneficial for CRE

December 23, 2020

The Congress has passed another stimulus measure, a $900 billion bill that includes several provisions beneficial to commercial real estate and, of course, the larger US economy. The bill extends temporary relief from Troubled Debt Restructuring under the CARES Act for an additional year, to January 1, 2022. CRE Finance Council has provided members with a rundown…

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